In many markets the “high-end” or above $1M market is the most visible market. The same holds true in Provincetown. The big waterfront homes, the “trophy” properties, the East End and West End compounds all draw interest and gossip. But interestingly enough many of these homes are wonderful family and year round properties, very accessible and in fact well priced for the amount of house and value that you get.
There are currently 37 properties (single family and condos) on the market above $1M representing 23% of the available inventory of 157 properties. In stark contrast only 13% of 2013 sales were for properties with selling prices over $1M. This means that properties take a little longer to sell in this price segment as there is more competition for buyers eyes and dollars. We need to remember that the second home market in a ny price point is not as fast paced and dramatic as the primary home market. For many this means a more relaxed buying and selling process.
See nine of my favorites below. Click on the address for a link to the property detail on Beachfront Realty.com.
As you can see from the choices above these available properties represent all styles – traditional large Cape, Antique, modern – there are even 3 condominiums available in this price range.